Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

by Aurelia Butler 11 May 2022, 23:00 169 Views

The forced selling of the Bitcoin (BTC) holdings backing a portion of UST also influenced BTC’s current drop to $29,000 and analysts fear that DeFi platforms that have liquidity pools primarily comprised of UST and LUNA will collapse.

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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

WHO says omicron BA.4 and BA.5 subvariants have spread to over a dozen countries

Bank of England interest rate could hit 4% or more, ex-policymakers warn

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